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Koochiching County, MN · Sold

MN-307207

9402 County Road 372

$352,800
$2,932/ac · 120 ac
Acreage120 ac
Price per acre$2,932/ac
ZoningMixed Use
Road accessPaved
UtilitiesOff grid
TopographyWooded
ListedJan 5, 2025
Coordinates48.1793, -93.7524
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County GIS boundary

We do not yet have an active public ArcGIS connection for this county. Use the official source link to verify the parcel boundary and flood/zoning layers.

County market

Koochiching County, Minnesota. Lake country cabin lots north, prime tillable ground south.

View Koochiching market data →

Step 1 · Is this a deal?

Due diligence

5 items to verify before you offer.

Risk index
32
Moderate risk
Wetlands13.7% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope6.2%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power11,688 ft away

A long utility run — price in solar/off-grid instead.

Buildable area98.64 of 120.32 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$380,018
$339,902$420,134 · $3,158/ac on 120 ac
Asking vs estimate
-7.2%
Priced below the comp set

Weighted from 8 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.

AI deal brief

Comps, diligence flags, an offer number and what to ask the seller.

Offer calculatorAsking $352,800
Maximum allowable offer
$217,153
$1,805/ac · +30.0% target margin

You need $135,647 off asking to hit this margin.

All-in cost$235,611
Net resale$349,616
Projected profit$114,005
ROI+48.4%
Annualized+69.2%
Break-even resale$2,128/ac
Profit if resale lands off target
-20%
$44,082
-10%
$79,044
0%
$114,005
+10%
$148,967
+20%
$183,929
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MN-657247
Dirt · Off grid
123.8Aug 9, 2025$268,0002,1643,11911.6 mi
80
MN-826033
Paved · Off grid
51.4Jul 27, 2026$233,9004,5503,74710.8 mi
74
MN-617889
Dirt · Off grid
197.2May 11, 2024$391,6001,9863,4054.7 mi
71
MN-188569
Gravel · Off grid
322.7Oct 20, 2025$639,9001,9833,1805.7 mi
66
MN-795613
Dirt · Power at road
37.9May 18, 2026$115,8003,0532,79014.5 mi
62
MN-628557
Dirt · Off grid
319.9Apr 18, 2024$436,4001,3642,6938.2 mi
58
MN-355664
Dirt · Power at road
39.3Dec 4, 2024$133,5003,3923,30910.3 mi
56
MN-915734
Dirt · Off grid
41.4Sep 7, 2024$100,4002,4262,83614.6 mi
55
Show adjustment detail for the top comp
  • Tract size (123.85 ac → 120.32 ac)+0.7%
  • Access (Dirt → Paved)+37.2%
  • Market time (12 mo)+4.3%

Step 3 · Market it

Turn this underwriting into a listing

Generate a comp-priced headline, listing description, land-group post and cash-buyer email for this tract — then post it to the investor marketplace.